Broker, Insurers Dispute Whether Coverage Was Excluded In 1st Circuit

Mealey's (October 24, 2018, 10:06 AM EDT) -- BOSTON — A group of insurers and two broker-dealers recently submitted arguments to the First Circuit U.S. Court of Appeals, disputing whether a district court’s decision that a specific litigation exclusion barred all of the broker’s coverage claims because they overlapped with previous cases filed against them should be upheld (UBS Financial Services Inc. of Puerto Rico et al. v. XL Specialty Insurance Co. et al., 18-1148,1st Cir.)....